Market News
Australia dollar slips as RBA cuts rates, warns on global outlook - REUTERS
SYDNEY, May 20 (Reuters) - The Australian dollar slipped on Tuesday after the country's central bank cut interest rates as expected while highlighting the economic risks from a global trade war, supporting market wagers for further easing ahead.
The Reserve Bank of Australia trimmed its cash rate by 25 basis points to a two-year low of 3.85%, citing progress in reducing inflation and global uncertainty caused by U.S. tariffs. The easing was fully priced by markets since the levies were first announced in early April.
